Asia-Pac led mining sector M&A surge in second quarter

Despite continuing volatility in the commodities sector, there was an increased confidence in M&A deals in the mining and metals sectors in the second quarter of 2016.
In fact, deal value surged 93 per cent to US$7.8 billion in April, May and June compared to the first three months of the year and Asia-Pacific led the way with US$3.6 billion.
The analysis of deals by EY reveals that North America led deal volume with 56 (54 per cent of the global total) with mid-market gold sector consolidation dominating.
Overall there were 770 M&A deals in mining and metals globally in Q2 2016; 30 per cent above the previous quarter and 43 per cent higher than Q2 2015. Total capital raised was lower though at US$60, down 5 per cent from the previous quarter and 28 per cent year-over-year.
 
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Desnard’s lawsuit claims 360,000 euros (AU$529,000) in damages.